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1061
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Bitcoin / Development & Technical Discussion / Re: What if somebody makes an ASIC to crack SHA-256 hashes with Brute force?
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on: February 19, 2015, 12:04:23 PM
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Maybe its a noob question, but I woke up this morning wondering: what if somebody makes an ASIC to instead of mining, destroy Bitcoin from the inside...?
There are ASICs out there with capabilities of TH/s, if someone applies this to hash cracking, it becomes a bit dangerous, no?
That would be 1000000000000 hash cracking attempts per second.
Your thoughts?
Well that's what mining is all about. It's a search for a hash that is lower that the current target using brute force. And you have to compete with the entire mining network. That's why it would be very bad if a single miner/pool had more than 50% of the hashing power (51% attack). This is the basis of why the proof of work (hashing) secures the blockchain. Not sure what you mean by destroying Bitcoin from the inside... |
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1062
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Bitcoin / Electrum / Re: Encompass released - Multi-Coins Electrum client
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on: February 18, 2015, 12:57:11 PM
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it is a good thing they did. but why isn't there Doge and Reddcoin in the list. i know that they both have individual clients
I haven't seen any active servers for Electrum Doge. The IRC channel doesn't list any (#electrum-doge). The Electrum Doge project is dead. But anyone is free to revive it. I heard the devs didn't have enough time to properly and securely implement AuxPOW and so they eventually just abandoned it. I think the Encompass client is an awesome idea. Anyone that has some alts also has Bitcoins, usually. So a single client is great. Hope you get the Trezor testing done soon  |
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1066
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Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork
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on: February 16, 2015, 04:23:42 PM
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...
We agree on the problem, we disagree on the solution. Treating it as a 'production server' replacement, would be the wrong approach.
How many times do you want to replace this 'production server' for the same reason?
If we are going to a dynamic limit, it should be one that isn't going to need to change later, and can be assured that it will be fit for purpose, and without opening up new vulnerabilities.
The problem with that... it isn't simple.
If the limit were say 10x the average size of the last 1000 blocks, it would still provide the anti-spam protection and keep the node distribution from getting too centralized
Not necessarily. My only point is that a fixed 1MB limit is a bad idea long term. So increasing it makes a lot of sense. What is the formula for the sweet spot? Beats me. We have a year or two to figure that out. The thing is, I don't think there will ever be mass adoption of the system as it exist today. The 'average Joe' will be using some payment processor and not the blockchain directly. So the blockchain will have transactions from payment processors and early adopters/enthusiasts. The rest will be in closed systems and/or side chains that can solve a lot of the volume issues. But still, 1 MB is not enought. |
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1067
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Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork
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on: February 16, 2015, 04:11:34 PM
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... What about decentralized projects like twister , lighthouse , and openbazaar that have limitations imposed by the 1MB block size? What about them? I don't see them in the WoT. Regardless, do you think we are going to compromise the soundness of our money so that some derpy kickstarter replacement can get a free ride on the blockchain? You're insane. I have to say I agree here. A high max block size is an insane idea. It would open up the blockchain to even more spam from 'derpy kiskstarter replacements' and other startup projects that seem bent on using the blockchain as cloud storage. There should always be a disincentive to spam the blockchain, of course. But the 1MB limit may be an obstacle for legitimate wider adoption, so it shouldn't be dismissed outright. |
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1068
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Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork
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on: February 16, 2015, 03:50:04 PM
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Emmmm, I believe I also said as much. The norm is 300 kB. So all we can get is 3x as much transactions. I see that as a bottleneck. If this was my production server I'd be looking into getting a new one  |
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1069
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!!
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on: February 16, 2015, 03:41:54 PM
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...
AFAIK there is a front end and a backend. Balance is there on the backend for most, but not visible on the frontend unless the account is "activated" on the backend. This split has, apparently, been made to keep the database more secure or something. I'm not overly technical there.
Lol, you're close. I think it's more something like... he has taken his front end and stuck it right up our back ends! @Flep182: Yup, that's how he basically described it. But it could be that there is no backend and all we are seeing is a 'placeholder' on the frontend. @Danz0r77: Well said, well said indeed |
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1070
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Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork
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on: February 16, 2015, 03:02:32 PM
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Unfortunately, I don't believe there is time to properly test and incorporate merkle tree pruning before we need to increase the block limit, but that should be a focus as well as using invertible Bloom filters .
http://www.coindesk.com/juniper-research-bitcoin-transactions-double-2017/A couple years according to these researchers. Double our current average and we still aren't at 1MB. It is the upper limit peaks which are problematic and preparing for the future before the next traffic increase along with other decentralized apps like lighthouse being restricted. We are already seeing full blocks from time to time at the moment, thus we should be concerned now. To which full block(s) are you referring? What height? Or by "full" are you referring to the lower than 1MB max block sizes used in some pools? If you are just making this up to escalate urgency and fake a crisis, then why do that? No. He is talking about the 970-980 kB blocks which not rare these days. While the average is around 300kB, that means we are at 1/3 capacity. And I personally think 1/3 is where we should seriously consider our options for scalability. The way people are split on the subject right now it is even more urgent to start getting a consensus. But on the other hand there is no hurry and no crisis. The extra transactions can just go through altcoins if Bitcoin chooses the 1MB block + higher fees 'solution'. |
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1071
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!!
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on: February 16, 2015, 02:18:37 PM
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...
Technically he's not lying. Individual support is only offered via the website. The main problem is he ignores it all :/
Indeed, he never lies outright. But he tends to be seriously misleading. - "At this moment the payments are functional for a percent of users". The percent is most likely 0 - "individual support is offered only via website". But he hasn't responded to a single ticket in 2 months - "moving to user balances and withdraw on demand will become live Jan XX". After two week of delaying this, we got a new page and all balances were pending. "will become live" is something where me and Bee have very different interpretations. - etc... |
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1073
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!!
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on: February 16, 2015, 12:04:44 PM
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...
Just thought it was kinda funny , it was one of the responces Chris gave in the to me Useless Q&A .
There was lots of BS from Chris in the Q&A. My personal favorite was the one where he said it's not true that we don't have a balance. We all have a balance. It's just that a percentage of users (100% IMHO) has it set to 'pending'. Takes a special kind of BS master to come up with that one...  Ye there was a lot of briljant stuff. Database not cleaned yet , well offcourse not its only been 2 months and ur a Multimillion dollar busness. No word on DualMods he hinted stuff would be replaced but did not actually say anything .. I didnt read he comfirmed the taks would be deductable from balanace (maybe i missed it). Lots of Some Probably's and other such words meaning Fu*kall. All it resulted in was him saying K guys see u next week "isch" then everything will be "ok" ye right. and basicly he bought himself 2 weeks first by saying litecoin posts next week or 5 days i dunno and then needing another week . omg. On the positive side He did come online he did comment ,, maybe he's just retarded @ communication and a stand up guy that is fixing everything. But since its Crypto u gotta be sceptical about that shit cuz 90+% are scammy Fck's. In some ways u gotta respect gaw and some other guys they dont try to F u while ur not looking they do it right to ur face instead of this nice new Tax sneaking up from behind. Most people now would be thrilled to pay the tax just to get access to their shit thats a nice spin on things compared to trying to tax them straight up after december they would have gone mental. Buy hey, with Chris we can at least get support via website Other than this, I am willing to answer few questions, but please take in account that individual support is offered only via website Qute from OP of the update thread: https://litecointalk.org/index.php?topic=24666.0 |
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1074
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!!
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on: February 16, 2015, 12:01:33 PM
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...
Just thought it was kinda funny , it was one of the responces Chris gave in the to me Useless Q&A .
There was lots of BS from Chris in the Q&A. My personal favorite was the one where he said it's not true that we don't have a balance. We all have a balance. It's just that a percentage of users (100% IMHO) has it set to 'pending'. Takes a special kind of BS master to come up with that one... You should keep repeating the bet week after week. Sukarti will never stop believing so you could make a few LTC over the course of a year EDIT: Quoted wrong post, but you know what I mean Great idea |
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1076
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!!
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on: February 16, 2015, 10:08:38 AM
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that whole Q&A was bullshit, also didn't help that Sukarti is continuously defending ltcgear, either he is a complete idiot or chris is paying him, i dont get how he is a mod on that site
He was a mod. He isn't any more. What happened??  Is this connected to ltcgear? Don't think Sukarti is connected to Ltcgear. But he has way too much faith in them. Pretty much all the mods have a 'Ltcgear could be insolvent/scam but still think it will pick itself up and pay out' opinion. That's why a made a 100 LTC bet with Sukarti (it was an open bet and he took it). I wanted to see if defenders are willing to put their money where their mouth is, and clearly they are. Unfortunately I think all I'll get will be the 100 LTC... What exactly were the terms of the bet? What happens if 1 guy gets paid? He allready won the bet ,, it was wrongly worded , Sukarti bet Payments would resume this week . since chris stated it wont be called payments anymore S lost and Totscha won. I'm really glad I didn't make the bet with any of you guys I'm fairly certain Sukarti won't give me any BS around semantics I certainly won't say that an active balance that can be withdrawn is not a payment. The wording was that there will be some payments made this week (until Sunday 22nd Feb at 23:59 UTC). So if someone proves he had a balance that he could actually withdraw this week I'll consider that as working payment. |
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1077
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!!
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on: February 16, 2015, 08:24:42 AM
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that whole Q&A was bullshit, also didn't help that Sukarti is continuously defending ltcgear, either he is a complete idiot or chris is paying him, i dont get how he is a mod on that site
He was a mod. He isn't any more. What happened?? Is this connected to ltcgear? Don't think Sukarti is connected to Ltcgear. But he has way too much faith in them. Pretty much all the mods have a 'Ltcgear could be insolvent/scam but still think it will pick itself up and pay out' opinion. That's why a made a 100 LTC bet with Sukarti (it was an open bet and he took it). I wanted to see if defenders are willing to put their money where their mouth is, and clearly they are. Unfortunately I think all I'll get will be the 100 LTC... |
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1078
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!!
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on: February 12, 2015, 02:17:30 PM
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lets all hope he's gonna say something of substance.
Dont hope for that. Judging from his previous posts, its gonna be a lot of explanation and no clear plan of actions, not to mention any specific date. Well, a solid update on the payouts wouldn't be a weird thing There s already a guy who promised to eat a piece of paper with ltcgear written on it and a guy who promised to eat his Iphone 6+ if he starts paying again. That s the current sentiment about potential payouts. Would you like to add something to their offers? waiting to see what Sukarti will promise in case he doesn't go the way he has been trolling... Ha, he won't do shit. Apart from continue to say it's coming back soon.  That guy is an idiot, he doesn't even realize that as a litecointalk mod he is binding ltc/litecointalk to ltcgear... (but with an estimated 1200GH/s hashrate, it is clear that only ltcgear mine ltc ) All the modes over there are WAY too kind and defensive of Chris. Even in the unlikely event that he pays everyone (yeah right), he's still guilty of being a huge douche for the past two months. And that kind of attitude towards community members should not be tolerated. Ever! Oh, the poor guy is a victim of hackers? Well still his fault. With all those millions he was playing around with he could afford some proper DDOS protection and security experts. Anyone out there thinks Karpeles is a victim? |
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1080
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: LTCgear.com, the best scrypt/scrypt n/X11 cloud mining service, Not paying!!!
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on: February 11, 2015, 11:40:00 AM
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...
This is fucking bollocks... If we bough shares on septemebr or August or Jully or the 2nd gen shares when they started and now we have to pay yearly tax...? So take the tax from the payment! How stupid he thinks we are to pay money in advance when we have not been paid for 2 months!
Why even post something like this? He's not said ANYTHING about who will have to pay, how much, on what age of shares etc etc. At least wait until he gives exact details about the fees before you rant about them. Exactly, no need to rant about our assumptions... Fell free to rant about the fact you're not getting paid or the fact he still hasn't given us an update worth a damn. I don't see the point... |
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